IIM, Calcutta & DU announce incubation centres

Startups are now becoming the apple of everybody’s eye, its the idea that needs to click. The business ideas are now being given new heights and as young as college students are now being promoted to share their ideas.

The recent inception plans have come from one of India’s prestigious educational centres including IIM Calcutta and even Delhi University. Both institutes have announced the plans of opening up incubation and acceleration centres that will promote ideas and thus transforming them into businesses.

incubation

The centre at IIM, Calcutta will be focused at social enterprises that will work for the people at the bottom of the pyramid. Though still not named, the centre will be a part of institute’s Centre for Entrepreneurship and Innovation. As of now, IIM Calcutta has signed agreements with four social entrepreneurs—Mumbai-based Doctors For You (DFY), a social enterprise in the healthcare space; Kolkata-based SwitchON-ONergy, a startup focused on renewable energy; Uttarakhand-based Edwell Solutions, which offers multimedia based tuition classes; and Delhi-based Utopia, an eco-friendly rickshaw maker.

While Delhi University, which began its new session yesterday has announced four incubation centres, two each for South and North Campus, respectively. It was yesterday, while talking to students, that Vice Chancellor, Dinesh Singh made this announcement. The Ministry of Micro, Small and Medium Enterprises, with the aim of promoting entrepreneurship, has chosen DU as one of the nodal centres or “business incubator”. The centres will offer Rs 8 lakh grant to each project that gets approval.

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